Insurance Development Forum

The IDF is on a mission to optimise and extend the use of insurance and its related risk management capabilities to build greater resilience and protection for people, communities, businesses, and public institutions that are vulnerable to disasters and their associated economic shocks.

The role of insurance in the Sustainable Development Goals: Evidence proves that countries with greater penetration of insurance coverage have faster economic recoveries from disasters, and rebuild with greater resilience to future disasters. Research shows that a 1% increase in insurance penetration can reduce the disaster recovery burden on taxpayers by up to 22%. A key goal of the UN Agenda 2030 is to take a risk-based approach to manage the risks of extreme events and climate. Within the frameworks that form the UN Agenda 2030, including the Sustainable Development Goals (SDGs), insurance is explicitly recognised as a key vehicle to enable the risk sharing and transfer solutions required for greater global resilience.